Strota/ Newsroom/ 2026-07-04

REFEX (REFEX): Order Win

Strota Newsroom · session of 2026-07-04 · 03 Jul 16:44 · REFEX stock page →

Notice of Court Convened meeting of Secured Creditors of Refex Industries Limited to be held on Wednesday, August 05, 20… Historically, order win events have moved REFEX-type stocks in the bullish direction 72.0% of the next sessions (n=50).

REFEX Industries has received a court order from the Hon'ble National Company Law Tribunal, Chennai Bench, directing it to convene a meeting of secured creditors on August 5, 2026, at 11:30 AM, according to an NSE filing dated July 3. The company also disclosed a separate order for a meeting of equity shareholders on the same day at 11:00 AM. These notices relate to a Composite Scheme of Amalgamation and Arrangement that the company has been disclosing since June 24 under Regulation 30 of the SEBI Listing Regulations.

Events classified as "Order Win" have historically shown a 72.0% win rate across 50 comparable instances in Strota's database, with a net edge of 1.6%. This base rate reflects how similar corporate developments have performed in the past, not a forecast for REFEX specifically.

The stock currently trades at a price-to-earnings ratio of 19.94 and a price-to-book ratio of 3.27, with a market capitalisation of ₹4,918 crore. Return on equity stands at 17.8%, while the dividend yield is 0.56%. Recent news flow includes a promoter entity, Refex Holding Private Limited, acquiring 10 lakh shares to increase its stake to 56.57%, and the company fixing July 24 as the record date for dividend.

The data establishes that a court-mandated shareholder and creditor meeting has been scheduled as part of an ongoing amalgamation process, and that similar order-win events have historically correlated with positive outcomes in a majority of cases. It does not establish whether the scheme will receive approval, the terms of any amalgamation, or how the stock will perform.

The catalyst

Notice of Court Convened meeting of Secured Creditors of Refex Industries Limited to be held on Wednesday, August 05, 2026 at 11:30 AM as per the order of Hon'ble National Company Law Tribunal, Chennai Bench (filing · NSE)

What the data shows after this event

Across Strota's backtest of past filings, Order Win tends to continue — the move went bullish in about 72.0% of next sessions (net 1.6% after drift and cost, n=50). A base rate, not a forecast for this stock.

REFEX right now

P/E 19.94. Full REFEX analysis →

Sources

Keep digging

How this article was made: Strota assembled the exchange data above (prices, F&O open interest, bulk/block deals, SEBI PIT filings, indicator readings and public headlines) and an AI model wrote the narrative strictly from that evidence — it is not permitted to add outside facts or numbers. Every figure comes from the underlying exchange/public data.